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Energy & Environment
Investment at Rosia Montana must observe environment legislation, Korodi Attila says
Thursday, April 5, 2007
The investor must prove the exploitation works he intends to carry out at the mine in Rosia Montana (central Romania) meet the Romanian relevant legislation in the field of environment protection and also fit the concept of a sustainable development, Romanian Environment Minister-delegate Korodi Attila told a press conference on Wednesday .'Once the investor answers the questions from the public, the Commission for Technical Review will launch the technical assessment in 40 days. Things will ...
Cross-border project with Serbia on environment protection
Thursday, April 5, 2007
Environment Protection Agency (APM) Mehedinti (south-east from Bucharest) is the beneficiary of a Phare project destined to some information and eco-cleaning companies organized in cross-border localities Drobeta-Turnu Severin and Negotin, Serbia.APM Mehedinti Director Dan Mihai Budu told Rompres on Wednesday that the amount received from the European Union, of 300,000 euros, will be used for initiating some seminars for local communities from the two partner countries that would be ...
WWF: Nature conservation issue is not being considered a priority for Romania
Thursday, April 5, 2007
The issue of nature conservation is not considered a priority for Romania, though it is the foundation of development and one of the most important advantages Romania has in the European Union, coordinator of the World Wildlife Fund (WWF) Programme Luminita Tanasie said in a release to Rompres.The WWF official's remarks follow the fact that the petition by which the organisation asked Romania to save its wildlife treasure failed to produce an answer either from the Government or the ...
Oil transit of Azerbaijan could be served by new terminal from Constanta seaport
Thursday, April 5, 2007
Specialists with the National Company Maritime Ports Administration Constanta together with representatives of Oil Terminal and National Oil Company of Azerbaijan will examine in the upcoming period, the possibility of collaboration for the construction of a new oil terminal in Constanta Port (221 km south-east of Bucharest) due to serve the oil transit from Azerbaijan. According to a release issued by the National Company Maritime Ports Administration Constanta and sent to Rompres, ...
Romania can face deficiencies as for coal supply of power plants
Thursday, April 5, 2007
In the upcoming 3-6 months deficiencies could arise in the process of coal supply destined to Turceni, Rovinari and Craiova power plants, in case interventions were not made in the problem of land access to new exploitations, announced on Thursday Ionel Mantog, Economic Director of the National Lignite Company Oltenia (SNLO) and former State secretary for mineral resources and power plants with the Ministry of Economy and Trade during the mandate of former minister Ioan Codrut Seres. 'The ...
Oil Terminal, Rompetrol refinery and Petrotel LUKoil conclude contracts
Thursday, April 5, 2007
Oil Terminal has concluded service and delivery contracts totalling 49.724 million lei (about 14.8 million euros) this year with Rompetrol Refinery and Petrotel LUKoil, reads an Oil Terminal note submitted to the Bucharest Stock Exchange.Oil Terminal and Rompetrol Refinery reached two agreements, one worth approximately 21.456 million lei (about 6.4 million euros) and the second worth 2.079 million lei (620,000 euros), and two contracts were signed with Petrotel LUKoil, worth 21.9 million ...
Rompetrol brand tested out in France
Thursday, April 5, 2007
The first Rompetrol-branded filling station in France will be located on a highway, with future targets for development being underserved areas and areas generally avoided by hypermarkets, Ziarul Financiar newspaper writes on Monday. However, the petroleum company's expansion largely depends on French consumers' initial reaction to the Romanian brand. 'For now, we are just testing out the brand in France. We have to see how the French consumer goes into a Rompetrol filling station. We can ...
Petrom to have central headquarters, 80 million euros worth
Thursday, April 5, 2007
Petrom Co. selected SC Alpine SA, following a tender, to conclude the construction contract for its new central headquarters - Petrom City, an investment in the value of 80 million euros, according to a press release sent to Bucharest Stock Exchange.'Following this important contract we have put the basis of a new central headquarters, to be raised in several stages, with finalization due at the end of 2009. This building is set to be up-to-date and to include facilities observing the ...
Gas consumption in Romania was reduced by 300 million cubic metres in 2006
Thursday, April 5, 2007
The consumption of natural gas in Romania was reduced last year by 300 million cubic metres and a reduction is expected this year as well, due to the mild winter, the manager of the Department for Exploitation and Production in Romgaz, Dumitru Rotar. Dumitru Rotar showed that, although the annual increase of gas consumption was estimated at 3% this increase was not higher than 1%. Romgaz could allocate important sums to increase the capacities of storage for natural gas. At present Romgaz ...
25% increase for MOL Romania in 2006
Thursday, April 5, 2007
MOL Romania registered last year a turnover of approximately 525 million euros by 25% higher than 2005, according to the data published by the company. Approximately 80% of the turnover comes from fuel selling, the rest being generated by additional services from filling stations. The market share of MOL Romania increased to 14.% in 2006, being the second player on the Romanian market as regards the volume of sales for retail fuel. The sellings increased by 26.3% in 2006 as compared to the ...
Rompetrol to invest 1 billion dollars in the Serbian NIS if acquired
Thursday, April 5, 2007
Rompetrol will invest almost one billion dollars, for three years to modernize the capacities of the Serbian NIS if they win the bid for its privatisation, Rompetrol CEO Dinu Patriciu stated for NewsIn. According to him until the finalisation of the modernisation process of the capacities owned by NIS the products which are not complying with the European standards will be processed in Petromedia. Patriciu said, after the new government of Serbia was nominated, the privatization of the ...
E.ON Gaz Romania: Natural gas price will double in 2008
Thursday, April 5, 2007
The price of natural gas from domestic production of Romania will gradually increase, according to the General manager of E.ON Gaz Romania Achim Saul. The reason is the need to harmonize the price of imported natural gas, our country being obliged to increase prices from 170 dollars1000 mc to 300 dollars1000 mc by 2008. E.ON Gaz Romania uses 60% gas from domestic production , with a distribution grid of 18,065 km. The quantity of cubic metres natural gas sold last year by E.ON was of 3.1 ...
Hidroelectrica contract made a 7 million lei profit to Buzmann Industries
Thursday, April 5, 2007
The intermediary in energy Buzmann Industries registered in 2006 a turnover of 86.4 million lei and a profit of 6.9 million lei, especially due to an acquisition contract for cheap energy from Hidroelectrica, valid up to 2014. The Buzmann representatives, present last Thursday at the hearings of the investigation commission of the Ministry of economy and trade (MEC) stated that the contract signed with Hidroelectrica on November 29, 2004 and valid up t 2014 for the acquisition of 600 ...
Hidroelectrica exported over 20% of the production in 2006
Thursday, April 5, 2007
Hidroelectrica, the producer of the cheapest electrical energy in Romania, supplied last year to export over 20% of the generated electricity. Hidroelectrica supplied to four private companies almost 3.4TWh as its production was of almost 17.6TWh. In fact, the state company produced last 18.3 TWh but a part of this electricity was used for the consumption of the hidropower stations. The beneficiaries of electrical energy produced by Hidroelectrica and supplied to export were in 2006 Energy ...
The kick off for Nabucco was signed
Thursday, April 5, 2007
Five countries in Eastern Europe signed in Zagreb, Croatia a statement through which they pledge to take part in the Nabucco project. The project includes the construction of a pipeline for oil to link western Europe to the huge resources in the Caspian Sea. A reference point of the new oil route is Constanta. The project would reduce the energy dependce of Europe to Russia and the Middle East. The statement was signed by high officials in the energy domain from Romania, Serbia, Croatia, ...
Distrigaz Sud interested by gas distributors in the south
Thursday, April 5, 2007
Distrigaz Sud is interested to acquire several gas distributors in the south of the country, to develop its business and increase the number of clients, the manager for development of the company, Dan Pintilie informed. At present, Distrigaz Sud does not negotiate with any gas distributor but they evaluate several companies of this kind. Distrigaz sud announced on Friday to have finalised the operations of acquisition of the whole package of shares of the distribution companyVital Gaz. ...
Hydro power plant project at Cernavoda
Thursday, March 29, 2007
Hidroelectrica announced it wants to build several hydro power plants on Danube, the first being located downstream of Cernavoda port (southwestern Romania).Daily Bursa informs that the hydro power station will also regulate the level of Danube in Cernavoda area.An official with the company informed that the new station will provide the water cooling for the nuclear plant, making easier at the same time the navigation on Danube-Black Sea canal.The company also announced that the ...
MEC to present till May strategy of renewable energy, says Minister Varujan Vosganian
Thursday, March 29, 2007
Minister of Economy and Trade is to present the Government, until May, a strategy on renewable energy, stated Minister of Economy and Trade Varujan Vosganian in a TV show .He stressed that Romania has resources for the production of wind turbines energy, especially in Dobrogea (Southeastern Romania), together with thermal water resources.A number of six wind turbine electricity producers qualified for the priority production of energy in 2007, according to the list published on the site of ...
Second nuclear reactor at Romania’s Cernavoda plant to run two months late
Thursday, March 29, 2007
The second reactor of Romania’s only nuclear power plant, located in Cernavoda near the Black Sea, will become operational in September this year, two months behind the original schedule, following delays during testing, plant operator Nuclearelectrica said.Once the second reactor becomes operational, Nuclearelectrica will provide about 18 percent of all electrical energy produced in Romania.The schedule established by project managers AECL Canada and ANSALDO Italy and Nuclearelectrica for ...
Only 60 percent of Romanian communities have gas supply
Thursday, March 29, 2007
Only 60 percent of the Romanian communities are supplied with gas, with the lowest covering rate in terms of gas distribution network having been recorded in the southern, southeastern and northeastern Romanian regions, Adevarul daily reports on Monday.Among the 3,140 Romanian localities (cities, towns and country towns), only 1,822 were found to benefit from functioning natural gas distribution systems late in 2006. Approximately a third of those localities, that is some 665 - corresponding ...